Examlex
The inherence school is one that follows the standard of society's interest coming first.
Liabilities
Financial obligations or debts that a company owes to outside parties, which must be paid back in the future.
Liabilities
Financial obligations or debts that an entity owes to others, which need to be settled over time via the transfer of economic benefits.
Creditors
Individuals or entities that a company owes money to for goods or services that have been delivered but not yet paid for.
Debtors
Individuals or companies that owe money to another party, often referred to in the context of accounts receivable.
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